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Kraken Robotics Systems Inc ( (TSE:PNG) ) has shared an update.
Kraken Robotics Inc. has successfully demonstrated its KATFISH Unmanned Surface Vessel Launch and Recovery System (USV-LARS) in collaboration with TKMS ATLAS UK on an ARCIMS USV of the UK Royal Navy. This system provides a comprehensive autonomous survey package for maritime security, enhancing mine countermeasure operations and underwater infrastructure inspections. The integration of ARCIMS and KATFISH USV-LARS marks a significant advancement in delivering agile and cost-effective naval capabilities, allowing for faster deployment of advanced technologies and strengthening maritime security. The demonstration, conducted for NATO navies, showcased the system’s ability to autonomously navigate and collect high-resolution sonar data, which was streamed in real-time to shore-based command centers.
The most recent analyst rating on (TSE:PNG) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Kraken Robotics Systems Inc stock, see the TSE:PNG Stock Forecast page.
Spark’s Take on TSE:PNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:PNG is a Neutral.
Kraken Robotics Systems Inc shows strong technical momentum and positive corporate developments, which are significant strengths. However, the high P/E ratio suggests overvaluation, and cash flow challenges present risks. The company’s strategic initiatives and market expansion efforts are promising, but improving cash flow management is crucial for sustaining growth.
To see Spark’s full report on TSE:PNG stock, click here.
More about Kraken Robotics Systems Inc
Kraken Robotics Inc. is a company focused on transforming subsea intelligence through advanced 3D imaging sensors, power solutions, and robotic systems. Their products and services are designed to address challenges in ocean environments safely, efficiently, and sustainably. The company offers high-resolution synthetic aperture sonar, sub-bottom imaging, and LiDAR systems, as well as pressure-tolerant batteries for underwater vehicles and subsea energy storage. Kraken Robotics is headquartered in Canada and operates globally, serving clients in over 30 countries.
Average Trading Volume: 1,859,794
Technical Sentiment Signal: Buy
Current Market Cap: C$1.91B
For detailed information about PNG stock, go to TipRanks’ Stock Analysis page.